Earnings Releases·Nov 6, 2026, 7:23 AM ET

Sylvamo — Third Quarter 2026 Earnings Summary

Net sales from continuing operations declined 3% year-over-year to $645 million but rose 5% quarter-over-quarter; net income from continuing operations increased 20% year-over-year to $85 million ($2.13 per share) and surged 4,150% quarter-over-quarter to $85 million, driven by a $33 million net after-tax benefit from special items.
Adjusted EBITDA improved significantly to $128 million (20% margin) from $66 million (11% margin) in the prior quarter, while free cash flow turned positive at $16 million compared to a negative $16 million in the second quarter of 2026.
The company announced a binding put option agreement with Midas Atlantic Partners and The Najafi Companies to acquire the Europe business, which reported a $284 million net loss in the quarter due to a noncash impairment charge, aiming to create a more focused entity in Latin America and North America.
Strategic capital allocation includes a $0.45 per share dividend, with new capacity from the Eastover mill sheeter and woodyard expansion expected to start up in early 2027 and Q1 2027 respectively, while price and mix improvements contributed $25 million to results.